Foreign ownership of Australia’s agricultural land has remained steady over the past year.

The third annual report of the Foreign Ownership of Agricultural Land Register, released on Thursday, showed a 13.4 per cent rate, compared to 13.6 per cent last year.

The register showed 80 per cent of foreign investment continues to be in the form of leasehold interests.

The United Kingdom remains Australia’s largest source of foreign investment in agricultural land, holding about 2.6 per cent, with Chinese investors holding about 2.3 per cent.

American investors hold 0.7 per cent of total agricultural land.

Work is under way on the first register of foreign ownership of water access rights, expected to be released early next year.